Five ways to keep your business debt under control
Piling up a lot of debt could leave your business in financial difficulty or, worse, bankrupt. Here are five ways that may help you manage debt and avoid a financial mess.
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When will I be a millionaire?
Many people dream of becoming a millionaire. For most people, it stays a dream. Why? A million dollars is certainly a lot of money, but despite how impressive it sounds it’s a target which is well within reach if you take into account the three key factors.
Four ways to teach children healthy money habits
As a parent, you try to ensure your children have the skills to make smart financial decisions. For example, you tell them about the importance of saving or the power of compounding interest. But did you know that you could be sending them negative money messages without meaning to?
How Social Media Affects Our Spending
Research shows social media can influence us to spend impulsively.
Social media use has been linked to our mood, self-esteem and even sleep. Can it also be linked to spending?
Research shows it can.
Let us know what you think to win
Competition time! Leave Carrick Aland a Recommendation on Facebook or a Review on Google MyBusiness by 31 August 2019 and you’ll go into the prize draw for a $250 gift card from RM Williams. Good luck!
Insurance in ‘inactive’ superannuation accounts to be cancelled from 1 July
From 1 July insurance held in an inactive superannuation fund will be cancelled, unless the owner notifies the fund that they wish to retain their insurance cover. An ‘inactive’ superannuation account is one that has not received a contribution or rollover for 16 months. While this measure will be of benefit to many, it poses a risk to those who wish to retain their cover which, once lost, it may not be able to be recovered.
Insurance Through Super
Purchasing Life insurance, Income Protection and Total and Permanent Disability (TPD) insurance through super may be tax effective and also provide you with peace of mind.
The Savings Paradox
It sounds counterintuitive; how can a person who stops saving at 30 wind up with more in the bank than someone who diligently saves their pennies up to age 65?
It’s not magic – it’s maths.